Long

Buy AMAZON now!! Huge discount sale for an ecommerce behemoth!

By Gold_D_Roger

Updated

Technical Analysis
- Triple bounce off $101 level with big reaction upwards,
- this region used to be resistance now flipped support.
- Its also the 61.8% retracement level (golden zone for a rebound)
- stochastic RSI was in oversold, now rebounding

Trades:
Short term traders can look for a LONG from current level
For long term traders this is a good region to BUY MORE AMAZON

Trade active

Very nice 32% gain, SL moved to 118

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.